Market Insight: June 22, 2015

Nigeria

•  ASI -61bps, $24.3mill
•  Crosses were seen in the likes of Zenith, GSK and Access

We expect another day of non-committal from foreign investors.

Kenya

•  NSE20 -37bps, $6.2mill
•  Centum rallied to a high of KES65.50 on the back of positive FY15 results

The market has opened the week on a positive note with most movers in the green. Safaricom is the most active counter accounting for 70% of equity turnover. So far price is up 0.3% and 6,129,800 shares have been traded mainly by local institutions. The counter is facing demand with foreign investors having only registered buys. Centum is still attracting interest and is up 1.5% on 182,700 shares traded. The counter is mainly being bought by foreign investors while local investors seem to be profit taking. Mumias is a notable top mover as discussions resume on a KES 1bn Government bailout. The news has mainly attracted local investors and the counter is facing demand. Williamson Tea has also recorded considerable interest and is up 1.5% as investors react to the KES 40 dividend.

Botswana

•  DCI +20bps, $4.4k

Mauritius

•  Semdex +19bps, $1.6mil

Zimbabwe

•  Ind -3bps, $192k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.18

-5.03

Nigeria

NGN

193.90

-7.77

Kenya

KES

93.55

-8.07

Mauritius

MUR

35.15

-9.68

Botswana

BWP

9.87

-3.66

Tanzania

TZS

2285.00

-24.16

Uganda

UGX

3285.00

-15.65

Rwanda

RWF

734.96

-6.14

Ghana

GHS

4.36

-26.29

BRVM

XOF

578.21

-6.25

Egypt

EGP

7.63

-6.27

Morocco

MAD

9.62

-5.74

Tunisia

TND

1.92

-3.28

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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